Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl
Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Texas
AT&T Pays Hacker $370,000 to Delete Stolen Customer Data
AT&T paid a hacker $370,000 to delete stolen call and text records of millions of customers. The hacker, part of the ShinyHunters group, claims to have wiped the only complete dataset, but some risks remain.
July 15, 2024
Fraud
Litigation
Risk Management
Technology
Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas
Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.
July 11, 2024
Catastrophe
Insurance Industry
Property
Technology
Texas
Insurers Gained $50 Billion From Medicare for Untreated Diseases
Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Arizona
Florida
Georgia
Massachusetts
Crypto Theft Surges: $1.38 Billion Stolen in Hacks and Exploits in First Half of 2024
In the first half of 2024, hackers stole $1.38 billion from cryptocurrency platforms, double the amount stolen in the same period in 2023, according to TRM Insights.
July 8, 2024
Fraud
Risk Management
Technology
AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims
Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8, 2024
Fraud
Insurance Industry
Technology
Workers' Compensation
California
Georgia
Massachusetts
Missouri
Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report
The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.
July 3, 2024
Insurance Industry
Risk Management
Technology
Detroit Limits Police Use of Facial Recognition After Wrongful Arrest
Following a wrongful arrest, Detroit Police Department faces new restrictions on the use of facial recognition technology, prohibiting arrests based solely on its results.
July 1, 2024
Legislation & Regulation
Liability
Litigation
Technology
Michigan
Cyber Insurance Market Stabilizes Amid Persistent Threat Landscape
Despite ongoing cyber threats, the cyber insurance market offers favorable terms for buyers, driven by strong risk controls and pricing reductions.
July 1, 2024
Insurance Industry
Risk Management
Technology
Cybersecurity Gaps Leave General Contractor Liable in Phishing Scam
A phishing attack against a subcontractor highlights the importance of cybersecurity in the construction industry.
July 1, 2024
Liability
Litigation
Risk Management
Technology
Connecticut
Maryland
Boost Business Insights with Gamified Data Management
A strategic approach to data management enhances business insights and growth.
July 1, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Air-Bag Recalls Affect Over 400,000 SUVs by Volkswagen and Toyota
Volkswagen and Toyota have issued recalls affecting over 400,000 SUVs due to air-bag issues, advising owners to limit certain vehicle uses until repairs are made.
June 27, 2024
Auto
Legislation & Regulation
Technology
Zyn Halts Online Sales Amidst Regulatory Scrutiny
Zyn, the popular nicotine pouch brand, has stopped online sales after receiving a subpoena from the District of Columbia’s attorney general regarding sales of flavored products.
June 19, 2024
Legislation & Regulation
Liability
Life & Health
Technology
California
District Of Columbia
Massachusetts
New York
Proactive Strategies for Property Loss Control
A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology
Copper Cable Theft Plagues EV Charging Stations
The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology
Arizona
California
Colorado
Illinois
Nevada
